Business

SVB Financial Group scrambled on Thursday to reassure its venture capital clients their money was safe after a capital raise led to its stock collapsing 60% and contributed to wiping out over $80 billion in value from bank shares. The…

Gap reported disappointing holiday-quarter results Thursday and announced a series of executive changes as the struggling retailer continues to search for a permanent CEO.Shares of the company fell in off-hours trading.Here's how the…

Safra Catz, Oracle's CEO and then one of Oracle's two co-CEOs, smiles during Oracle's OpenWorld conference in San Francisco on, Sept. 20, 2016.David Paul Morris | Bloomberg | Getty ImagesOracle shares dropped nearly 5% after the enterprise…

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021.Al Drago | Bloomberg | Getty ImagesFootwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an…

Shares of Adani Group’s flagship firm Adani Enterprises Ltd fell after six consecutive sessions of gains today after CARE Ratings downgraded the outlook on Gautam Adani's flagship entity from stable to negative while considering the ongoing…

Indian equity benchmarks returned to negative territory on Thursday, halting a three-session winning streak. The domestic indices were dragged by automobile, consumer, technology, banks, financials and energy stocks. The 30-share BSE Sensex…

Initial public offering (IPO)-bound Zaggle Prepaid Ocean Services Ltd has attracted a Rs 50 crore investment from Vivriti Asset Management (VAM). "The proceeds from the investment will be utilised in growing Zaggle’s products such as the…

Shares of State Bank of India (SBI) were in focus today after the lender said it raised Rs 3,717 crore through the issuance of its third Basel III Additional Tier 1 bonds in the current financial year at a coupon rate of 8.25 per cent.…

Shares of HFCL Ltd gained nearly 4 per cent in Thursday's trade amid heavy volumes. The stock rose 3.63 per cent to hit a day high of Rs 70.20 over its previous close of Rs 67.74. Around 10.20 lakh shares changed hands today on BSE, which…

ICICI Securities remains positive on South Indian Bank, which has delivered multibagger returns to investors in the last three quarters. The brokerage said that the revamped business model of the private lender is yielding positive results…

Shares of Sequent Scientific Ltd rose sharply in Thursday's trade after the company called off a proposed acquisition of Tineta Pharma. The stock soared 14.64 per cent to hit a day high of Rs 71.51 over a previous close of Rs 62.38. A total…

Shares of Tata Motors Ltd have risen over four times in the last three years, delivering multibagger returns for investors who placed their bets ahead of announcement of the 21-day lockdown by PM Narendra Modi on March 24, 2020. The…

Shares of Aptus Value Housing Finance India Ltd plunged 5 per cent in Thursday's trade after the housing finance company (HFC) denied a media report that suggested financial services firm Cholamandalam was eyeing a majority stake in it. In…

Unabated outflows by foreign institutional investors and rising interest rates continued to weigh market sentiment in the ongoing calendar year. As a result, the benchmark BSE Sensex declined 0.80 per cent on a year-to-date basis till March…

Shares of stainless steel maker Jindal Stainless Ltd gained for the seventh consecutive session today after iShares Core MSCI Emerging Markets ETF bought 33,69,538 shares of the firm at Rs 309.42 apiece in bulk deals on March 8. Jindal…

Shares of Home First Finance Company India Ltd plunged about 9 per cent during the early trade on Thursday over the bulk deal buzz. The heavy trading volumes of the company on exchanges suggest that the deal has already been executed during…

Shares of at least five Adani group companies hit their 5 per cent upper circuit limits in Thursday's trade, as a report suggested that Gautam Adani and his family prepaid all borrowings backed by Adani group shares. As per the report,…

A handful of brokerages have come out with updates on five stocks namely Grasim Industries, Mahindra & Mahindra (M&M), Cipla, The Phoenix Mills and Mahanagar Gas. While the brokerages largely maintained their 'buy' ratings on the…

Domestic stock indices erased early losses to settle higher on Wednesday, taking the winning run to the third straight session. The 30-share pack BSE Sensex added 123.63 points, or 0.21 per cent, to 60,348.09. NSE's Nifty gained 42.95…

National Stock Exchange on Wednesday moved two Adani Group stocks to long-term additional surveillance measures framework Stage - II from long-term ASM framework Stage - I. Adani Green Energy Ltd and NDTV are the two stocks against which…

A "Now Hiring" sign is displayed on a shopfront on October 21, 2022 in New York City.Leonardo Munoz | View Press | Corbis News | Getty ImagesJob openings declined slightly in January but still far outnumber available workers as the labor…

National Stock Exchange on Wednesday announced that Adani Enterprises Ltd and two other Adani Group firms will be placed under short-term additional surveillance measures framework from March 9. Adani Power and Adani Wilmar are the other…

A worker prepares a 155mm artillery shell at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, U.S., February 16, 2023.Brendan McDermid | ReutersCompanies added jobs at a brisk pace in February as the U.S. labor market kept…

Investors who want to continue trading in the capital markets in a seamless and unrestricted manner will have to link their Permanent Account Number (PAN) with Aadhaar by March 31.  This assumes significance as PAN is the key…

Sea Limited's e-commerce arm, Shopee, turned positive adjusted EBITDA for the first time in the fourth quarter of 2022. The group also posted its first-ever positive net income in the quarter.Rafael Henrique | Sopa Images | Lightrocket |…

"The numbers speak for themselves. We are currently not performing the way we should", Adidas CEO Bjørn Gulden said in a press release.Jeremy Moeller / Contributor / Getty ImagesAdidas on Wednesday reported a big fourth-quarter loss and…

Shares of IndusInd Bank gained over 5% today after a report said the Reserve Bank of India is likely to extend the bank's CEO Sumant Kathpalia's term by another three years. Kathpalia's current term as the CEO ends on March 24 this year.…

Shares of metals & mining giant Vedanta fell over 3 per cent in Wednesday's trade even as chairman Anil Agarwal insisted that Vedanta group has ample funding options and his company aims to become a “zero debt company.” Agarwal told…

Shares of NBCC India jumped 2.5 per cent to hit a day's high of Rs 36.70 after the company announced that it has received multiple work orders amounting to Rs 541 NBCC India has received the Construction of the Institute of Chemical…

Shares of Natco Pharma Ltd gained over 2% today after the board of the pharma major approved buyback of maximum 30 lakh shares representing 1.64 percent equity for Rs 700 per share worth Rs 210 crore via open market. Shares of Natco Pharma…